Nifty Analysis For September 8

Learning without thinking begets ignorance.Thinking without learning is dangerous.
~ Confucius

********Technicals***** ~September 5~

Nifty,RSI and stochastics now in triangle and breakout will give direction.
As y’day NSG deal is signed I expect our markets to open gap up by at least 100-150 points in nifty, so nifty should open above 4450….
Now if 4522 is taken out on closing basis then we will be in uptrend with targets of 4640,4800.
***Nifty**** ~ September 5~

Nifty (September) future premium increased to 16 points and around 8 lakh shares were added in open interest with increase in the cost of carry, indicating new long at lower levels.

********Fund flow*** ~ September 4~

~FII index fut – 1337 cr!!!!!!!!!!!!!!!

~FII stock fut – 832 cr

~FII cash -399 cr

~Mut cash +134 cr

*******total fund flow -2434 cr today & nifty was down by 56 points.

****** so far net fund flow of +764 cr in September series. (nifty is up in September series).

***********Past fund flow**********

~ Net fund flow of +6474 cr in July series. (Nifty +18 in series, closed at 4333)

~ Net fund flow of -8071 cr in June series (Nifty -520 in series, closed at 4315)

~Net fund flow of -6641 cr in August series. (Nifty -119 in series, closed at 4214)
happy trading and investing.

-dr.jignesh shah